While Barry Soetoro’s family lavish themselves at a luxury Spanish resort amidst deepening economic turmoil, back home Obama’s political dynasty crashes and burns as his approval ratings plunge to a record low of 41 per cent with less than a few months to go before the October midterm elections.

Obama has come under widespread criticism for preaching austerity and financial discipline even as his wife Michelle suns herself at an opulent resort in the Costa del Sol region while parading around in expensive designer clothing.

As we exposed in the Obama Deception, the manufactured populist euphoria behind the crowning of Soetoro was always likely to rapidly deflate once it became apparent that Obama was the ultimate puppet, a vacuous servant of the bankers and the elite to whom he owes his entire political dynasty.

Just 41 per cent approved of the way Obama was handling the job in a recent USA TODAY/Gallup Poll, the lowest figure since Soetoro took office in January 2009.

Similarly, questions over Soetoro’s dubious origins have not abated. According to a recent CNN poll, 43 per cent of Americans think Obama was definitely or probably not born in the United States.

For someone whose political career is so obviously sinking out of sight, Obama seems remarkably relaxed about it, an ominous portend that the people who pull his strings have lined up a helpful pre-election surprise as a means of rallying the American people back around their fallen commander in chief.

Of course, the rhetoric behind any such giveaway would be fantastic enough to buy votes in the short term, but the reality behind such a program would soon disintegrate in the aftermath of the midterms.

However, on the extreme end of the scale some are warning, or even advocating, that Obama will launch an attack on Iran and risk setting off world war three as a ploy through which to keep himself in power. Just as the 9/11 attack saw Bush’s approval ratings soar into the 90’s, rallying Americans around an external threat could be just the ticket for an administration that has completely polarized the country and whose actions have led to the creation of fierce political opposition groups like the Tea Party.

There can be little doubt that unless an artificially engineered “surprise event” helps Obama turn things around, the losses for the Democrats will be drastic.

As Bruce Drake points out today, “The party that controls the White House usually loses House seats in the off-year contests and the losses are bigger when the President’s job approval rating is below 50 percent.”

In 1994, when President Bill Clinton’s approval rating stood at 46 per cent, Republicans picked up 53 seats to recapture the House after it had been in Democratic hands for most of the previous 40 years.

The next three months will provide a clear answer as to whether Barry Soetoro’s teleprompter reading days are over, or if there is to be a dramatic sting in the tail that will preserve Obama’s political capital for just enough longer to give him a shot at staying in the White House for another term.